Experts say North Korea likely behind $6.3bn Binance hack
Experts said North Korea was likely behind the $6.3bn cyberattack on the world's largest cryptocurrency exchange, news organisations reported.
AI illustrationA $6.3bn hack of Binance, the world's largest cryptocurrency exchange, was likely the work of North Korea, experts said, news organisations reported.
According to reports, the assessment that the cyberattack was likely carried out by North Korea came from a blockchain intelligence firm. A North Korean group has reportedly been blamed for the heist, and the suspected cyberattack has been linked to North Korea in several reports.
Binance has reportedly suspended trading on its platform following the suspected hack. Users reportedly cannot trade on the platform while the suspected breach is looked into.
Reportedly, the Binance incident could rank as the biggest theft of any kind ever recorded. Hackers have targeted crypto markets before, according to reports, and North Korea reportedly has a history of thefts of this kind.
Several news organisations put the size of the heist at $6.3bn and described Binance as the world's largest cryptocurrency exchange.